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20121201
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
out of work, why are manufacturers having a tough time filling new positions? phil lebeau searching for answers? wheeling, illinois. >> tyler, the answers will surprise you. at this plant, the ceo says i would hire ten people immediately if i could. guess how many applicants he has for some of the jobs right now? zero. we'll explain why when "power lunch" returns. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> jobs are front and center today despite an unemployment rate hovering near 8% in the manufacturing world. growing problem that is frustrating many executives. plenty of job openings but they can't find people to fill them. what's the problem? phil lebeau knows. he's at a manufactur
months starting with the automaker purchasing 200 million shares by the end of this month. phil lebeau has more. >> carl, you can almost hear the sighs of relief coming from the gm headquarters in detroit. they have been calling for this for some time. here's what's going to be happening. you mentioned that the government is going to be exiting general motors, not happening all immediately. it's going to take some time, 12 to 15 months. they're going to do a dribbleout is what they're saying. gm is purchasing 200 million shares from treasury at $27.50 a share, about $5.5 billion. and treasury will sell the remaining 300 million shares through various means. that disposition, as we mentioned, earlier we heard from the head of the t.a.r.p. program, they're going to be starting to eliminate the gm shares in january of next year. so starting next month. remember, treasury originally invested $49.5 billion in general motors back in 2008 and 2009. and if we take a look at shares of gm going back to the ipo, remember, the ipo price was $33 a share. for the government to have fully made back a
of buys. we'll tell you what's going on next. phil lebeau talks about virgin atlantic. and we'll talk aig. >> absolutely. >> one more look at futures. more "squawk on the street" in a minute. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> the government's now planning to sell the remaining stake in the insurance giant. they'll be sold at $32.50 each, representing 16% of outstanding aig shares. the sale expected to total about $7.6 billion. treasury and federal reserve will e
in a television series drama. steve beau shemie, "boardwalk empire," bryan cranston, "breaking bad," jeff daniels, "the newsroom," jon hamm, "mad men," damien lewis, "homeland." best performance by an actor in a motion picture comedy or musical. jack black, "bernie," bradley cooper, "silver linings playbook," hugh jackman, "les miserables," ewen mcgregor, "salmon fishing >> naomi watts, "the impossib impossible," rachel weisz, "the deep blue sea." >> i'm a little embarrassed, i'm still in my pajamas. early. all right, best performance by an actor in a miniseries or a motion picture made for television. kevin costner, "hatfields and mccoys," benedict cumberbatch, "sherlo "sherlock: masterpiece," woody haralson, "game change," toby jones, "the girl," clive owens, "hemingway and gelhorn." best television series drama, "breaking bad amc," boardwalk empire," hbo, "downtown abbey season two," pbs, "homeland," showtime, "the newsroom," hbo. best performance by an actress in a supporting role in a motion picture. amy adams, "the master," sally field, "lincoln," anne hathaway, "les miserables," helen hunt
by 50% in the second quarter of this year. our phil lebeau is live to tell us why this is happening. phil? >> reporter: it's all about uncertainty, carl. this is a troubling statistic. i want to show you a chart we received which monitors 20 million small business loans with 17 million businesses around the country. look at the falloff here in terms of the amount of investment made by small manufacturers. what you want to look at is towards the end in the third quarter. it fell off dramatically. well, according to pay net, small manufacturers cut their investments in plant, in equipment by 50% in the second quarter. one of the troubling sectors transportation equipment, the investment there for those manufacturers fell off by 33% and according to the folks at pay net this comes down to manufacturers pulling back because of uncertainty. >> there was certainly a lot of uncertainty about how to implement affordable health care. how to react to the tax rates that were coming down pike, whether or not the deficit problem was going to be addressed. >> reporter: bottom line, uncertainty ab
to fill jobs in their second and third sits. phil lebeau is live with more with this fascinating shifts. >> they say, there's no way. if people want a job, they should be able to find one. really? they found many places where they're trying to hire like here. go to indiana where if you look at the state unemployment rate, yes, it has come down from the peak of 10.8% back in 2009 but it's still above the national rate at 8%. we wjt down to bloomfield, indiana, which is just south of bloomington, and down there is metal technologies incorporated. this is an auto parts supplier. they make oil pans that then go on to top tier suppliers. they have four to seven job openings that they cannot fill. they struggle to fill their second and third shifts. part of it is because they can't find people with skills. part of it is because they've offered jobs to people who have said, no, thanks, i'll stay on unemployment. >> it seems like with the unemployment as high as it has been it shouldn't be hard, but we have situations where people either aren't interested in working or they don't fit our our ne
cars few in the industry have ever seen. phil lebeau is in chicago. i guess essentially, phil, the europeans are taking a leap out of the americans' book. they used to scoff that the american automakers would offer. now it's par for the course. >> especially in december. it used to be lexus, but mercedes-benz was looking for offers in november. this is an increase compared to october, up 42% for bmw, 26% for mercedes, lexus up 3%. what's going on here? let's start with bmw. their holiday deals now include up to five months of no payments. that's the kind of stuff you used to hear from chevy or from ford. by the way, bmw sales surged 45% last month. mercedes leads bmw year-to-date by just under 1,900 vehicles. it last led the u.s. luxury sales in '99. it really wants the title again. at the core of what's happening between these two german automakers, they need strong sufficient sales to offset the weakness they're seeing in europe. that's why their production has been ramped up here at their facilities in the u.s. bmw announced it's on pace to set global sales of more than 1.7
! >>> welcome back to "squawk on the street." i'm phil lebeau with breaking news regarding boeing and the 787 dreamliner. there has been a second dreamliner that has run into problems, once delivered into service, this one solving a cutter airway 787 on delivery from the united states to london. just a few days ago. it has been grounded in london. according to the ceo of cutter qatar airways, he says that the airplane developed a generator failure while in flight. now, it was not an emergency landing but a generator failure is what he says. we've talked with boeing this morning. they say they are aware of the issue. they're not sure it was a generator that failed on the qatar airways 787, but the significance of this is remember on december 4th, it was a united 787 that had to make an emergency landing in new orleans because one of the generators failed on that airplane. there are six on these airplanes. and remember, the 787 was designed to use six generators, electric power so that near nth not using power from the engines, part of the fuel efficiency that goes into the planes. the question
is the thing. the 501(c)3 exemption was added to this tax code in 1917. as beau said, there are more than 1 million registered 501(c)3s right now and poverty is at its historic high. if you're a business, that's a model one could argue isn't working. we're letting the market decide. we're letting the american people decide. do you want to give $50, $75, $100 on givelocally.net? >> how do you pay your expenses? >> as a start-up with investment, we create jobs and pay our people. but beau, who is the ceo and i take no money out of it. but we're trying to build value. >> but do you guys own the company? you're the shareholders of the company? >> we own the co >> is there a percentage of the donation that goes to overhead or how does that work? >> there's a transparent 18 cents on every dollar that goes for our keep the lights on fee is how we list it on the site. >> 18 cents for every dollar? >> yes. but i want to help a single dad in new york who has two kids in school or something. i'm from -- let's say you're from california. i want to help a single mom in california with a medical need. yo
from phil lebeau later this morning, but a fine for allegedly failing to report safety defects in a timely manner required by law. not the first time this has happened. it's the fourth fine in the past two years. automaker does not admit or deny guilt. but there's a look at shares a little bit higher this morning. >> let's check with bob pisani on the floor with more. good morning, bob. >> hello, guys. happy tuesday. of course, we saw a little bit of the drop in futures when corker came out and said we're not close to a deal. by and large, we're still positive here today. that's because everybody knows that a deal of some kind is coming. the president's offer is getting closer to the gop offer. the republicans are meeting this morning, no doubt they'll squawk and scream. ultimately the street believes some kind of deal is coming here. the big issue is the post-fiscal cliff trade. that's what everybody's trying to figure out. that's where there's a lot of differences of opinion. by and large it's been a strong argument to buy going into the fiscal cliff and sell after that, the
, but it doesn't make any sense. >> we don't know the whole story there. we may never because they're beau both deceased. but the reason you go to the gun range is to teach them how to use guns safely, operate them, respect them and use them safely. but that doesn't answer the question of whether or not she should have had them in the house at all after w a child like that. >> a glock. >> we're never going to know. >> when we come back, new york city mayor michael bloomberg has it on set. >>> and today, we'll reveal who is on the list of finalists for the person of the year. but first, bill carin with a check of the forecast. >> we have two big storms to talk about. one is existing new england as i speak and the other one is heading through the midwest as a major snowstorm. we had the rain early, the green on the map through central and northern new england. the white on the map shows you where the snow is. mostly only the highest of elevations in new hampshire, upstate new york and maine. so the forecast today, on and off periods of rain from buffalo to syracuse and shallow weather albany to b
Search Results 0 to 11 of about 12 (some duplicates have been removed)